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Is aid oil? An analysis of whether Africa can absorb more aid

Abstract:

This paper considers whether Africa can absorb a doubling of aid. If oil revenues provide a "natural experiment" the results are disappointing: far from being transformational, they have been markedly less successful than aid. One implication is that the delivery modalities of aid, though heavily criticized, have substantially added value: the paper discusses which modalities may have been most useful. Unfortunately, aid appears to be subject to diminishing returns, so that doubling aid throu...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Author's Original

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Publisher copy:
10.1016/j.worlddev.2006.01.002

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Institution:
University of Oxford
Research group:
Centre for the Study of African Economies
Oxford college:
St Antony's College
Department:
Social Sciences Division - Economics
Economic and Social Research Council More from this funder
Publisher:
Elsevier Publisher's website
Journal:
World Development Journal website
Volume:
34
Issue:
9
Pages:
1482–1497
Publication date:
2006-09-05
DOI:
ISSN:
0305-750X
URN:
uuid:be263d06-c5a9-4e2e-a29c-16e80cdd7bc0
Local pid:
ora:1702
Language:
English
Keywords:
Subjects:

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